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Should get a good first half result based on orders at year end of $3.4m and can expect some positive agm commentary. Could be a punt at 3.4/3.5cps (market cap $7m). However, will need evidence of continued sales growth to justify a sustained share price rise, given revenues were only $5.3m in FY14.
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Been a good punt atp Lizard. 4.2c and lots of int today. Up in a down market. Lots of confidence re sales and profits increasing ahead. Consolidation happening too.Great sector to be in.
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Timetable for 1:10 consolidation is pretty tight, as approved Friday, traded unconsolidated today and trades deferred from tomorrow, so presumably will trade as XTEDA for a few days from tomorrow until 12th?
Not sure about the "great sector" part, JT, as they still make more revenue from ammunition than from UAV's, so maybe not everyone's cup of tea.
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True ; i was thinking re the growth in defence spending against poss terrorist threats, bomb disposal, armour protection etc. The thought of ammunition manufacture is an uncomfortable fit in my portfolio so will relook, reassess.
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Consoiidated s/p now 48c up 11% plus atp today..
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Order for $7.698 worth of Drones (UAV'S) today (i think the first) from Aus army. S/P springs like a big red to currently 60c:t_up:
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" income up 18% to $5.71 mill FY 2014"
..."prospects of more than $20 mill FY2015"
well on the way mkt cap now just over $10 mill
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Yes. Not much of a move, so I'm guessing this had well-leaked! Still okay with the gain from 35cps (consolidation equivalent) to 58cps today. Think there's a bit more in it, but not expecting huge multiples here.
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Yes I've just watched a video withChairman and alan kohler . 47%(more with their own products) margins and a $200 million Drone contract they are chasing some or all of.